Soybeans Up, Corn & Wheat Tumble

grains recap
grains recap
(Commodity Update)

Corn: July corn futures tumbled 22 1/4 cents to $7.31 1/4, the contract’s lowest close since April 1. December corn fell 20 cents to $6.91 1/2, also the lowest settlement since April 1. Corn futures sank to nine-week lows on spillover from a selloff in wheat, strong U.S. planting progress and a generally favorable weather outlook for crops.

Soybeans: July soybeans rose 7 cents to $16.90 1/4. July soymeal fell $2.10 to 412.70. July soyoil rose 19 points to 78.11 cents. Soybeans were supported by fresh export business and concern over delayed planting, particularly in the northern Midwest. 

Wheat: July SRW wheat fell 46 1/4 cents to $10.41 1/4, the contract’s lowest closing price since April 7. July HRW wheat fell 37 1/4 cents to $11.28 1/4, a four-week low. July spring wheat plunged 50 1/2 cents to $11.97. Winter wheat futures extended Tuesday’s slump amid signs grain shipments from Ukraine may resume.

Cattle: August live cattle rose $2.525 to $132.90. August feeder futures soared $4.60 to $169.725. Signs of fundamental firmness seemed to spur a rebound in cattle. Choice cutout values slipped 23 cents to $267.31 early today, still well above week-ago levels around $263.50.

Hogs: June lean hogs surged $1.825 to $109.80, while July hogs rallied $4.425 to $112.425, the contract’s highest settlement since April 28. Hog futures jumped sharply in a corrective rebound from Tuesday’s large declines, with strengthening cash fundamentals continuing to support prices.


Latest News

Grains Try to Recover Midday with Reversal in Outside Markets: Live Cattle Mixed with Bullish Cattle Inventory Expectations

Grains try to recover midday with help from the reversal in outside markets. LC mixed with bullish hopes for the USDA Cattle Inventory Report.  Hogs lower. Scott Varilek of Kooima Kooima Varilek has details.  

Grains Start Higher on Weather Concerns in Argentina and HRW Areas, Then Corn Fails: Cattle Higher with $1 Better Southern Cash Friday

Grains higher early with technical buying and a drier Argentina weather concerns. Cattle higher with $1 higher cash on Friday. Hogs back lower.  Michelle Rook has a quick update.  

Today's Market Recap (1.20.23)

Market recaps for corn, soybeans, wheat, cattle & hogs.

Improving Argentine Weather Forecasts Weigh on Grain, Soy

Forecasts of improving weather in Argentina over the next two weeks weighed on the grain and soy complex.

Corn, Soybeans & Wheat Prices Fall; Cattle Mixed

Today's closing prices and market recaps.

Morning Calls & Comments (1.13.23)

Soybeans faced light profit-taking pressure at the end of the overnight session, which is likely to spill over into the start of daytime trade.